2,779 Shares in MongoDB, Inc. $MDB Purchased by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,779 shares of the company’s stock, valued at approximately $1,166,000.

Other large investors have also recently added to or reduced their stakes in the company. Clark Financial Services Group Inc. BD raised its holdings in shares of MongoDB by 1.5% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock worth $702,000 after purchasing an additional 25 shares during the period. True Wealth Design LLC raised its holdings in shares of MongoDB by 9.4% in the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after purchasing an additional 36 shares during the period. HighPoint Advisor Group LLC raised its holdings in shares of MongoDB by 2.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after purchasing an additional 36 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of MongoDB by 3.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock worth $342,000 after purchasing an additional 40 shares during the period. Finally, Whittier Trust Co. raised its holdings in shares of MongoDB by 4.3% in the 4th quarter. Whittier Trust Co. now owns 976 shares of the company’s stock worth $425,000 after purchasing an additional 40 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MDB. The Goldman Sachs Group cut their price objective on MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Wells Fargo & Company cut their price objective on MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Truist Financial cut their price objective on MongoDB from $500.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. DA Davidson cut their price objective on MongoDB from $465.00 to $385.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. Finally, Robert W. Baird restated a “neutral” rating and issued a $260.00 price objective (down from $500.00) on shares of MongoDB in a report on Tuesday, March 3rd. Twenty-six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average price target of $370.87.

More MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Bank of America raised its price target on MongoDB and reiterated a Buy rating, citing confidence in demand trends, Atlas momentum, and execution across cloud and on-premise products. MongoDB price target lifted by Bank of America ahead of earnings on execution confidence, Atlas momentum
• Positive Sentiment: RBC reaffirmed its Outperform rating and lifted its target to $395, saying MongoDB is well positioned for AI-related tailwinds and strong Atlas growth. MongoDB Well Positioned for AI Tailwinds, Competition Remains Key Debate, RBC Says
• Positive Sentiment: Analyst sentiment remains favorable overall, with multiple Buy/Outperform ratings and recent targets ranging up to $450, reinforcing expectations for solid upcoming results. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Neutral Sentiment: MongoDB’s CEO pay disclosure highlighted very large compensation and heavy insider selling over the past six months, which may raise governance questions but was offset by the sales being tied in part to pre-arranged trading plans. MongoDB, Inc. ($MDB) CEO 2026 Pay Revealed
• Negative Sentiment: Director Dwight Merriman sold additional shares recently, adding to a pattern of insider selling that could temper some enthusiasm around the stock. Insider Selling: MongoDB (NASDAQ:MDB) Director Sells 6,000 Shares of Stock

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $334.68 on Wednesday. MongoDB, Inc. has a one year low of $182.43 and a one year high of $444.72. The business’s 50-day simple moving average is $265.03 and its 200 day simple moving average is $335.65. The company has a market cap of $26.90 billion, a P/E ratio of -380.32 and a beta of 1.48.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. During the same quarter last year, the firm earned $1.28 EPS. MongoDB’s quarterly revenue was up 26.8% on a year-over-year basis. Analysts predict that MongoDB, Inc. will post -0.46 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director owned 24,093 shares in the company, valued at $6,007,107.69. This trade represents a 6.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director owned 470,896 shares of the company’s stock, valued at approximately $148,322,822.08. This trade represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 31,566 shares of company stock valued at $8,744,791. 3.10% of the stock is owned by insiders.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.